THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
British Land acquires three London warehouses

British Land has exchanged on the acquisition of three warehouses in London’s Wembley for £157 million. The properties on Hannah Close comprise over 245,000 square feet of… View Article

RETAIL PROPERTY NEWS

British Land acquires three London warehouses

British Land has exchanged on the acquisition of three warehouses in London’s Wembley for £157 million.

The properties on Hannah Close comprise over 245,000 square feet of space on a 12.5 acre site and are fully let to Amazon, Euro Car Parts and the North London Waste Authority.

In a statement, the company said the warehouses will provide a medium term opportunity to deliver a multi-storey, urban logistics hub for central and west London, where supply is highly constrained.

Simon Carter, chief executive of British Land, said: “This acquisition is another example of the strong progress we are making against our strategy to address the chronic shortage of urban logistics space in central London via intensification and repurposing.  Wembley is ideally located for vehicles coming into London and subsequently out for delivery with excellent access to affluent parts of the capital.”

The acquisition follows other London purchases by the company in Enfield, Thurrock and Finsbury Square and brings the total gross development value of British Land’s urban logistics pipeline to over £1 billion.

 

Subscribe For Retail News